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Australia, NZ dollars dodge bears for now, bonds mauled

Business & Finance

3 Min Read

SYDNEY, Sept 24 (Reuters) - The Australian and New Zealand dollars were clinging to weekly gains on Friday after repeated speculative attacks failed to crack support, though a hawkish turn by some central banks offshore did slug local bonds.

The Aussie stood at $0.7293, having bounced from support at $0.7220 after surviving multiple downside tests. That left it up 0.4% for the week so far, following two weeks of losses, though a break above $0.7340/50 was needed to improve the technical background.

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